Ksh 500,000 loan at M-Oriental Bank for 15 years.
At M-Oriental Bank's current lending rate of 16.17%, a Ksh 500,000 fixed-rate loan over 15 years has a monthly repayment of Ksh 7,403. Total cost: Ksh 1,332,513 (Ksh 832,513 interest).
Monthly repayment
Ksh 7,403
At 16.17% · 180 payments
Total repayment
Ksh 1,332,513
2.67× the borrowed amount
Total interest
Ksh 832,513
Ksh 45,652 more than industry avg
Year-by-year amortisation
How each payment splits between interest and principal over time.
| End of year | Principal paid | Interest paid | Balance |
|---|---|---|---|
| Year 1 | Ksh 8,603 | Ksh 80,231 | Ksh 491,397 |
| Year 2 | Ksh 18,706 | Ksh 158,963 | Ksh 481,294 |
| Year 3 | Ksh 30,568 | Ksh 235,934 | Ksh 469,432 |
| Year 4 | Ksh 44,498 | Ksh 310,839 | Ksh 455,502 |
| Year 5 | Ksh 60,855 | Ksh 383,317 | Ksh 439,145 |
| Year 6 | Ksh 80,061 | Ksh 452,944 | Ksh 419,939 |
| Year 7 | Ksh 102,614 | Ksh 519,225 | Ksh 397,386 |
| Year 8 | Ksh 129,097 | Ksh 581,577 | Ksh 370,903 |
| Year 9 | Ksh 160,194 | Ksh 639,314 | Ksh 339,806 |
| Year 10 | Ksh 196,710 | Ksh 691,633 | Ksh 303,290 |
| Year 11 | Ksh 239,588 | Ksh 737,589 | Ksh 260,412 |
| Year 12 | Ksh 289,936 | Ksh 776,074 | Ksh 210,064 |
| Year 13 | Ksh 349,058 | Ksh 805,787 | Ksh 150,942 |
| Year 14 | Ksh 418,481 | Ksh 825,198 | Ksh 81,519 |
| Year 15 | Ksh 500,000 | Ksh 832,513 | Ksh 0 |
Could you get this cheaper?
Currently the cheapest Kenyan lender on this CBK dataset is Citibank N.A. Kenya at 10.36%. The same Ksh 500,000 loan over 15 years would run about Ksh 5,484/month — saving Ksh 345,452 in interest. See the Citibank N.A. Kenya version →